Managers of Wealth Offshore

Morgan Stanley ID's broker as 'madam's' potential mystery investor

The broker, David Walker, works in Morgan Stanley's wealth management unit, sources said.

US eases pressure on Switzerland over taxes for now

Swiss lawmakers passed a proposal on Monday allowing Switzerland to hand over data on suspected tax evaders, even if U.S. tax authorities cannot identify alleged offenders by name or bank account.

Onetime billionaire convicted in $7bn federal fraud trial

Stanford, 61, looked down as the verdict was read, the Associated Press reported. He was acquitted on one count of wire fraud.

Morningstar launches new alternative investments center

In addition to the new Alternatives tab, the site now contains Morningstar market tools and an expanded video library featuring interviews with top portfolio managers and newsmakers, analysts, and some of the leading voices in the advisory community, alon

Ferraris fueled glamour lifestyle in Indonesia corruption case

An Indonesian court convicted on Wednesday a former relationship manager with Citibank of money laundering in a case involving Ferraris bought with ill-gotten cash that powered the lifestyles of a glamour-hungry clique.

New FATCA regulations are out, institutions must act fast

The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.

OECD recommends action on international tax loopholes

Aggressive tax planning – untaxed income, multiple deductions and other forms of international tax arbitrage - is a growing concern for all governments.

Hedge-fund manager says sexy ex-assistant’s not in his league

Dark-haired Ukrainian head-turner Renata Shamrakova, 26, was busted Thursday by the Manhattan District Attorney on charges of bilking the financier of nearly $1 million during the year that she was his personal assistant.

The UK tax system has reached breaking point

The bottom line is that people think it a jolly good thing that others are taxed, but they deeply resent paying it themselves.

US-Swiss tax treaty passes large parliamentary hurdle

The treaty would allow the US to make a request for judicial assistance without supply the names and addresses of the US residents suspected of offshore tax evasion if there is clear evidence that a bank or its employees are suspected of encouraging such

Credit Suisse trader loses employment tribunal

A Credit Suisse trader who claimed his boss told him to pull himself together when he complained of feeling suicidal has lost his tribunal claim.

Foreign Account Tax Compliance Act in Costa Rica

Do Canadians and Europeans have to be concerned with understanding this at all?

Swiss lawmakers set for tax plan vote

Switzerland's lower house will vote on a proposal clarifying how Switzerland would hand over data on wealthy Americans suspected of dodging taxes at home.

HSBC provides info on clients having accounts in India to US Close

In April last year, HSBC Bank USA received summons from the US Internal Revenue Service (IRS) asking the entity to produce records with respect to US-based clients of an HSBC group company in India, the banking giant has said.

Baillie Gifford appoints Kii Hub for KIID solution

Asset managers already using the Kii Hub solution include Aberdeen Asset Management, Jupiter Investment Management Group, Ignis Asset Management, Martin Currie Investment Management and Neptune Investment Management.

Tax avoidance clampdown: Barclays statement in full

Barclays said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than £500m in tax. Here is the bank's statement:

How to have a 'nice' divorce

Debrett’s Guide to Civilised Separation is not all social niceties, however.

FSA warns on 'default' suitability of independent advice solutions

The FSA says independent advisers will be able to use discretionary investment services, model portfolios, platforms and panels post-RDR as long as they are not the default solution and suitability is established for individual clients.

Bank tax dodges halted by retrospective law

A bank in the UK has been forced to pay more than half a billion pounds in tax which it had dodged by using "highly abusive" tax avoidance schemes.

German Foundation Eyes Wealth Tax Reforms

In its release, the Foundation explains that although private net wealth in Germany is four times public debt, the state nevertheless does not sufficiently tax large wealth.